PCI Express (PCIe) Slot Cards

The main technical inovation of PCI Express is a serial data transmission compared
to the parallel interfaces of other computer bus systems like ISA, PCI and PCI-X.

PCI Express defines a serial point-to-point connection, the so-called Link:

PCI Express Link

The data transfer within a Link is done via Lanes, representing one wire pair for sending and one wire pair for receiving data:

PCI Express Data Transfer via Lanes

This design leads to a full duplex connection clocked with 2.5 GHz capable of transfering a data volume of 250 MB/s per lane in each direction. Higher bandwith is implemented by using multiple lanes silmutaneously. A PCI Express x16 slot for example uses sixteen lanes providing a data volume of 4 GB/s. For comparison: when using conventional PCI the maximum data transfer rate is 133 MB/s, PCI-X allows 1 GB/s but only in one direction respectively. A PCIe expansion board (x1 like GPS180PEX for example) can always be used in slots with a higher lane width (x4, x8, x16):

PCI Express - Slots with higher lane
Interoperability
Slot x1 x4 x8 x16
Card  
x1 Yes Yes Yes Yes
x4 No Yes Yes Yes
x8 No No Yes Yes
x16 No No No Yes

One of the strong points of PCI Express is the 100% software compatibility to the well known PCI bus, leading to a fast spreading.